Chapter 6 Flashcards
1
Q
Define time rate
A
A basic amount per hour is paid
2
Q
Define overtime rate
A
A higher race is paid if I was exceeded the usual set limit
3
Q
Define overtime premium
A
The additional cost of the overtime hours above the basic time rate for those hours
4
Q
Define differential piecework
A
The peace work rate increases for additional work created over a preset limit
5
Q
Define incentive
A
The incentive of being paid to produce each extra unit or task encourages the worker to increase the output
6
Q
Define bonus system
A
The payment of amount in addition to the time rate if a target is succeeded
7
Q
A
